article thumbnail

White House: OPEC+ oil production increases “simply not enough”

Green Car Congress

On Wednesday, US National Security Advisor Jake Sullivan issued a statement calling on OPEC+ to increase oil production: While OPEC+ recently agreed to production increases, these increases will not fully offset previous production cuts that OPEC+ imposed during the pandemic until well into 2022. Just one day after the U.S.

Oil 243
article thumbnail

Oil giant Shell partners with Penske for light-duty EV charging

Teslarati

Oil and gas giant Shell has partnered with Penske Truck Leasing to launch a new joint initiative to support light-duty electric vehicle charging at Penske locations. Penske Truck Leasing and Shell will initially deploy a series of Level 2 electric truck charging stations with plug-and-charge capabilities in four U.S.

Light 97
article thumbnail

ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix

Green Car Congress

At the same time, total miles traveled per year by cars, sport utility vehicles (SUVs) and light trucks will increase about 60%, reaching about 14 trillion in 2040. As personal mobility increases, average new-car fuel economy (including SUVs and light trucks) will improve as well, rising from about 30 miles per gallon (7.83

Light 170
article thumbnail

EPA proposes stringent new emissions standards for light-, medium-, heavy-duty vehicles for MY 2027 and beyond

Green Car Congress

The US Environmental Protection Agency (EPA) announced two new proposed federal emissions standards spanning light-, medium- and heavy-duty vehicles for model year 2027 and beyond. Together, the proposals would reduce oil imports by approximately 20 billion barrels.

EPA 210
article thumbnail

EIA: Petroleum and natural gas will be the most-used fuels in the US through 2050

Green Car Congress

In this case—which reflects only current laws and regulations—renewable energy is the fastest-growing energy source through 2050, while petroleum remains the largest share of energy consumption throughout that period, followed by natural gas. Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022).

Gas 459
article thumbnail

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). LDV energy consumption declines in AEO2014 Reference case from 16.0 quadrillion Btu in 2012 to 12.1 quadrillion Btu in 2040, compared with 13.0 quadrillion Btu in 2040 in the AEO2013 Reference case. Source: EIA. Click to enlarge.

Oil 290
article thumbnail

Why gas bikes just can’t compete with electric motorcycles in the summer

Baua Electric

For gas motorcycle riders, a scorching hot planet isn’t the only immediate source of discomfort outside. The benefit of riding electric is two-fold… The cold hard truth: electric motorbikes are the future First, and I know I’m preaching to the choir here, but electric motorcycles are clearly the future.